AAHOA
095 | The Smartest Room with Tarun Patel
AAHOA
Tarun S. Patel is a second generation hotelier and entrepreneur specializing in Hospitality Management and Development, Deal Structure, Finance and Accounting. He’s Principal of Pacific Hospitality Company, and Founder and CFO of Pracrea Inc, a Silicon Valley based startup offering software-as-a-service solutions used by commercial real estate brokers and owners to manage the sale of their listings and properties. Their solution, TheHotelInventory.com, provides a virtual meeting place for hotel buyers and sellers that helps hotel sellers and brokers market their properties, and hotel investors find their next investment.
Tarun earned a BS, Finance and Economics from San Diego State University.
In This Episode, Tarun Reveals
- His experience serving on the Board of Directors for AAHOA and the US Travel Association.
- The importance of getting involved at the local, state and federal level to proactively affect legislation, and some of the legislative issues surrounding the hospitality industry today.
- How the new administration could impact small business owners and the state of the Lodging Industry today.
- What The Hotel Inventory is, how it’s the strongest hotel real estate listing site on the web, and how they’ve gained massive marketshare in a few short years.
Resources & Links
Tarun Patel
- tspatel@pracrea.com
- @TarunPatelSJC
- Office Direct: 408-777-6700
Pracrea, Inc.
- TheHotelInventory.com
- Pracrea on LinkedIn
- info@pracrea.com
1735 North First Street, Ste. 247
San Jose, California 95112
Mentioned in this Episode
AAHOA
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346 | Repositioning For Recovery: Hotel conversions to outpace new builds
Lodging Econometrics has tracked the hotel industry since 1998. Its global database includes new-hotel pipelines as well as renovations and brand conversions. Hotel franchisers once eager to launch new brands are focused on converting existing hotels because it’s a faster way to recover revenue lost to the COVID-19 pandemic than through new construction. In Episode 346, Lodging Leaders explores the increasing number of conversions in the U.S. hotel industry and what owners and operators need to consider before repositioning an asset.
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345 | ‘Rosy View of Future’: Hotel industry sees unleashing of pent-up investor demand
In the first few months of the COVID-19 pandemic in the U.S., financiers anticipated a swell of distressed hotel businesses. Some raised rescue funds to respond to what they thought was a pending crisis. Though there are financial rescues taking place, the level of such activity is far below what industry advisers and fund managers expected. Commercial real estate investors positioned to act in the early days of the pandemic held off and are now just beginning to unleash their cash hoards totaling billions of dollars. Episode 345 of Lodging Leaders podcast explores the state of capital investment in the hotel industry.